Third Point's Dan Loeb Sinks Another $39.4M into Yahoo! (YHOO) Stock

July 24, 2012 3:32 PM EDT
Yahoo! Inc. (Nasdaq: YHOO) is ticking higher following a form 4 filing made with the U.S. SEC today.

The filing shows activist investor Dan Loeb of Third point acquiring 2.5 million shares from July 20th through the 23rd. Prices paid average $15.82 on the 20th and $15.67 on the 23rd, with total investment of about $39.43 million.

Loeb holds 73 million shares following the acquisitions.

Yahoo! is about 2.6 percent lower on the session in the last half-hour of trading.

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